Clarification from Microsoft -- I'm surprised there hasn't been more press/blogosphere coverage of this issue
"On October 13, 2015, we released an update to Office 2016 for Mac containing great new features, security fixes, and stability improvements. This update doesn’t address the issues experienced by Office customers with OS X 10.11 El Capitan. We are actively working with Apple to ensure resolution with the next update of OS X 10.11 El Capitan."
Update on Office 2016 for Mac, El Capitan - Outlook for Mac
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